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Sharjah Islamic Bank 2020

Summary
SPV Name:
SIB SUKUK COMPANY III LIMITED 

Notes:
Order book stood at US$3.6 billion, 7.2 times oversubscribed, with 120 orders. The transaction garnered an overwhelming response from investors from the Middle East, Asia and Europe, receiving around 120 orders that amounted to $3.6 billion. Banks and Financial Institutions received the lion’s share of the offering, with a 59 per cent allocation, followed by fund managers and hedge funds with 33 per cent, supranationals and central banks with 6 per cent, and others with 2 per cent. In terms of geographic distribution, 63 per cent of investors were from the Middle East, 23 per cent from Asia and 14 per cent from Europe. Series 2 - Issue of USD 500000000 Certificates due 17 March 2020 XS1202089428 Wakalah structure utilizing a pool of Ijara and Murabahah assets. Governing law: English Law, UAE Law. 


Profit rate:
2.843%
 
Download Documents:
 
Sukuk Details
Type:
Hybrid 

Issue Size:
$500M 

Currency:
USD 

Maturity:
17 March 2020 

Country of Issue:
United Arab Emirates 

Tenor:
5 Years 
Issue Date:
17 March 2015 
Sukuk Rating:
Moodys:A3, Fitch: BBB+ 
Exchanges:
Arrangers:
Advisors:
 
 
 
 

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